Thistle Hotels Share Discussion Threads

[jakex] 17/1/2002 13:51

the assets are way overvalued and thistle are the ONLY hotel chain that I know of that does not have annual valuations. it is basically a tax free break for all the singapore non execs they have! note the musical chairs in the last 4 years. Brierley the largest shareholder is not doing well at all and revenue is down a whopping 33% in the 14 weeks since 11.09 with no improvement mentioned

[ainsoph] 17/1/2002 13:44

A lot of reasonable press this morning with the general view that the worse is over and Thistle will be one of the first to gain from any increase in tourism plus the old rumours of a bid.


ainsoph

[burrmj] 17/1/2002 13:41

it seems thistle has ridden the worst, i expected a greater fall when the trading statement was released.
could be a good buy now up to 145p by may.

[ainsoph] 16/1/2002 11:09

LONDON (AFX) - Shares in Thistle Hotels PLC fell 6.8 pct on the back of a poor full year trading update which included a cautious outlook.


Thistle declined 6.8 pct or 7.5 pence to 109 pence at 10.30 am, compared with a 52-week high of 172p.

The 56-strong hotel chain reported a 26 pct drop in turnover in its 22-strong London hotel chain in the 15 weeks following the Sept 11 airplane hijackings in the US.

The group said total turnover for the full year to Dec 30 also fell by almost 6 pct.

Chief executive Ian Burke said trading conditions had continued to be difficult, particularly in London.

"It remains difficult to forecast prospects for the hotel industry for 2002 and we remain cautious on market conditions for the next six months," he said.

Revenue per available room (revpar) fell in the full year by 5.4 pct to 50.56 stg.

In a research note Merrill Lynch cut its earnings per share and profit forecasts on Thistle for 2001 and 2002.

The broker took its EPS forecast to 7.4 pence for 2001 and 6.2 pence for 2002 down from 9.6 pence and 9.5 pence respectively. Merrill expects a pretax profit of 43 million stg for 2002 and 56.3 mln for 2003.

But Merrill still believes the stock trades at fair value on a price earnings ratio of 14.4 times estimated 2003 earnings, reflecting its potential for a strong bounce as and when the London market turns the corner.

WestLB, in a research note, repeated its underperform rating on the stock, saying it believes it will be at least the third quarter before trading turns up.

"Thistle is a perennial take-over target, but investors may have to be patient in this environment, especially in light of the recent share price recovery," said WestLB.

[burrmj] 19/12/2001 17:39

the share is now heading south, but by how much. the results are not due for a couple of months, they could continue to drop steadily till then, i still think 80p by next year.

[kdc] 18/12/2001 14:07

All change in the boardroom

K

Thistle Hotels Plc announces with effect from today the appointment of Ian
Durant as Finance Director of Thistle Hotels. He replaces Stephen Young who
steps down from the Board today.


Ian Durant was most recently Group Finance Director of Dairy Farm
International Holdings Limited, a food retail group quoted in Singapore and
London controlled by the Jardine Matheson Group. Prior to that he was Finance
Director of Hong Kong Land Holdings Limited, a property company quoted in
Singapore and London. In his earlier career he undertook senior finance roles
at Jardine Matheson and Hanson Plc. He is a graduate and a Fellow of the
Institute of Chartered Accountants.


Thistle Hotels Plc also announces today the resignation of Stuart Burnett as
Chief Operating Officer of Thistle Hotels with immediate effect. He will not
be replaced as Chief Operating Officer.


Thistle Hotels Plc also announces today the appointment of Arun Amarsi as a
non-Executive Director. Arun Amarsi is a senior executive of BIL
International Limited (BIL). Prior to joining BIL, Mr Amarsi was Chief
Financial Officer at Electricity Corporation of New Zealand and formerly a
partner at Ernst and Young in New Zealand.


David Newbigging, Chairman of Thistle Hotels Plc, commented "We are pleased to
welcome Ian Durant as Finance Director and Arun Amarsi as a non-Executive
Director and I would like to thank Stephen and Stuart for their contribution
to the company over the past 18 months."



- ends -

[burrmj] 14/12/2001 17:42

pugugly
well done, i think you have done well as i would not hold now until after results which i fear will be worse than people think, although i believe thistle are a sound company and well run.
i will buy in again next year sadly i made money at the start of the year but stupidly bought in again so after selling a few weeks ago at 102 i lost all my gains and some.

[kdc] 10/12/2001 14:59

They are still ticking up ..... just been looking at the charts and I believe there is a golden cross (supposed to be very bullish). RSI - MA all look more than encoraging. Volumes are fairly high again. Beginning to think there might be something about to happen

K

[jakex] 10/12/2001 14:41

i have made loads of money in the last 4 years with thistle. Remember this buy at upto 140 and sell at 160+ generally speaking the management have got the message that people want quality at fair prices and thistle are improving all the time their offer to guests(and hopefully shareholder returns)

[kdc] 09/12/2001 09:41

Pugugly ...... guess no one will be interested at the bottom of the cycle - everyone will wait until it's too late and buy at the top ...... hmmmmmmmmmmmmm


K

[pugugly] 09/12/2001 08:43

Got out Friday @ 120p (nice profit as in at 87p) in view of US unemployment figures - suspect next results will be poor. Main support t/o hopes but who wants to buy hotels at the moment.

[kdc] 07/12/2001 18:02

Business is picking up and by next Easter everyone will have forgotten .... still ticking up @ 119/123p - higher than before the crisis.


K

[burrmj] 07/12/2001 17:50

thistle is holding well now, i have lost hundreds buy selling too early but i still believe next year they will be 90p

[oldtown] 06/12/2001 17:48

So it makes its move up to the testing point of £1.20.I have a nice 23% in the bag and have set a sell if bid goes back down to £1.17.If we can hold the £1.20 for a couple of days then £1.50 would be the next short term target.
dyor,imoh
Oldtown

[kdc] 06/12/2001 11:09

Still ticking up @ 117/120p plus 3.5% on the day ...... good sector news

K


AFX - In company news, shares in Six Continents rallied 19-1/2 pence to 723 after forecast-beating full-year results saw full-year pretax profit come in at 731 mln stg, compared with 756 mln last year.

The hotels and leisure group said its American hotels -- it owns the Inter-Continental, Holiday Inn and Crowne Plaza brands -- were recovering from lows directly in the wake of Sept 11,

[kdc] 30/11/2001 15:25

You are probably right at this moment in time but also get a discount card for use in their restuarants ....

Shares are still ticking up on high volume - 113/116p this afternoon up 1%


K

[burrmj] 30/11/2001 15:09

you can get a nice discount without being a shareholder at the moment, in fact as a shareholder you get discount on the top price so you are worse off.

[kdc] 28/11/2001 21:33

I hold lots and not even thinking of selling them ........ 8 million changed hands today which is 9 times the daily average.

Shares held their own despite the general market falls. They are up 30% over the last month and out-performing the sector by nearly 8%. Anyway I get a nice discount as a shareholder.


K

[burrmj] 28/11/2001 20:46

i just believe that they will fall 20% when the results are leeked or out, but they are really sound and i expect an over-reaction, then i hope to buy at 90p.
today plenty of huge sells, its about to happen i think but then the share stood up well, if i had some i would get out now!!!

[kdc] 27/11/2001 21:15

I think something is going on - ticked up another 2 or 3 pence today with 1.25 million traded.

Out of interest - why did you sell while they were moving up?


K

[burrmj] 27/11/2001 18:00

thistle has done well since i sold last week, just my luck as i took a loss, but i do believe that the results coming up will knock the share back to sub 100p i will buy poss feb when i expect them to be 90p, but i could be wrong!!!

[oldtown] 26/11/2001 16:43

Market makers buying stock and marking bid up on a lacklukster day in general.
Tho is moving slowly towards the next important level of £1.20.
What looks like a shortage in stock could move the bid price up quickly if any significant buys went through.
imho.dyor
Oldtown

[kdc] 26/11/2001 16:13

Still ticking up despite the relatively poor sector news.

K